Thursday, January 19, 2012

NHSC Loan Repayment Program

Now open!


The Corps loan repayment program now begins with an initial award of up to $60,000 for two years of service. You may receive up to $170,000 in loan repayment for completing a five-year service commitment and, with continued service, may be able to pay off all eligible student loans. More Flexible Options to Complete Your Service. The loan repayment program now offers three options for fulfilling your service obligation - a two-year full-time contract, a four-year half-time contract, and a two-year half-time contract. Increased Credit for Teaching. The service obligation for clinical practice hours has been updated to include a 20 percent credit for teaching and a 50 percent credit for teaching at a Teaching Health Center. Eligibility:
  • U.S. citizen or national
  • Nurse Practitioner (primary care), Certified Nurse-Midwife, or Psychiatric Nurse Specialist
  • Licensed to practice in the state in which I will serve as a Corps member
  • Have unpaid government or commercial loans for school tuition, reasonable educational expenses and reasonable living expenses, segregated from all other debts (that is, not consolidated with non-educational loans).
  • Currently work or am applying to work in a facility that is: A NHSC-approved facility, or located in a Health Professional Shortage Area, and is applying to become a NHSC approved site.
How to Apply: http://nhsc.hrsa.gov/loanrepayment/.